Çiftlik Bank

Ponzi scheme founder arrested

A court in Istanbul has ordered the arrest of Mehmet Aydın, the founder of the online Çiftlik Bank (Farm Bank) Ponzi scheme.

Aydın, 29, surrendered to the Turkish Consulate in Sao Paulo, Brazil and was arrested at the Istanbul Airport as soon as he landed on July 3.

Founder of Çiftlik Bank extradited to Turkey

Mehmet Aydın, the mastermind of the Çiftlik Bank (Farm Bank) Ponzi scheme, who has been on the run for three years, was extradited to Turkey late on July 3.

Aydın, who surrendered to the Turkish Consulate in Sao Paulo, was arrested at the Istanbul Airport in an ongoing investigation by Istanbul prosecutors after a Turkish Airlines plane arrived at 10.10 p.m.

Red notice issued for six people in Çiftlik Bank investigation: Prosecutor's office

Turkish authorities have issued a red notice for a total of six people regarding an investigation into "Çiftlik Bank," an online-game-inspired Ponzi scheme, state-run Anadolu Agency reported on April 19, basing its report on a written statement issued by the Istanbul Anatolia Chief Public Prosecutor's Office.

Turkey preparing to request extradition of Çiftlik Bank Ponzi scheme mastermind from Uruguay

Turkey is preparing to request the extradition of Mehmet Aydın, the 26-year-old creator of Çiftlik Bank, a computer-games-inspired Ponzi scheme, from Urugay, Turkish Justice Minister Abdülhamit Gül announced on March 17.